Tan Chong Intl

Tan Chong reverses from loss to HK$11.7 million profit in H1

Revenue remains stable, but costs fall on enhanced cost controls and operational efficiencies

The car dealer says that the loss is due to share price changes of the company's listed investments.

Car dealer Tan Chong expects unrealised loss of HK$29 million for FY2024

It expects to report its financial performance before end-March 2025

The auto dealer says that Nissan cars – which is one of the brands it distributes – registered a 38% growth in sales on year in Singapore.

Tan Chong sinks into the red in H1 with HK$35.9 million net loss

Decline in earnings attributed to underperformance of its automotive division, which faced disappointing car sales and shrinking profit margins

Tan Chong expects the second half of 2024 to perform "much better".

Tan Chong expects 86% fall in profit after tax for H1 2024 on ‘severe drop in sales’

Markets with ‘significant losses’ include Malaysia, Thailand, Taiwan, Singapore and the Philippines

 The gain is due to share price changes of its listed investments, “which are marked to market and therefore unrealised”, says Tan Chong.

Tan Chong expects unrealised gain of HK$270 million in FY2023

AUTO dealer Tan Chong International said on Tuesday (Jan 9) that it expects to record an unaudited unrealised gain of HK$270 million (S$46 million) on its investments designated at fair value through ...

An improved performance has placed Nissan as the fifth best-selling passenger car brand in Singapore, says Tan Chong.

A tale of two car brands for Tan Chong in Singapore

IT IS a tale of two Japanese brands of Tan Chong International in Singapore, with Nissan doing very well and Subaru rather badly.

Tan Chong says the group's final results announcement will be made before the end of March 2023.

Tan Chong expects unrealised loss of HK$222 million in FY22

AUTO dealer Tan Chong International on Monday (Jan 9) said that it expects to post an unrealised loss of HK$222 million (S$37.9 million) for the financial year ended Dec 31, 2022. The loss is not expe...

Tan Chong currently owns 50 per cent of Singapore-based car rental company Ethoz Group.

Tan Chong to acquire remaining stake in Ethoz Group for S$42.7m

TAN Chong International is buying over a remaining 50 per cent stake in Singapore-based car rental company Ethoz Group for a consideration of S$42.7 million.

Tan Chong's activities have been weighed down by widespread disruptions and operational challenges brought about from the Covid-19 pandemic.

Tan Chong International’s H1 net profit soars on property disposal

AUTO dealer Tan Chong International’s net profit for the first half of 2022 increased to HK$130.6 million (S$23.2 million) from HK$27.1 million, a 381 per cent jump from the same period a year ago.

Tan Chong International said that the group’s business in the Asia-Pacific remains at about the same level as in the first half of 2021, with one major negative factor being the limited supply of products due to supply chain disruptions.

Tan Chong expects higher H1 profit from disposal of property

TAN Chong International announced on Thursday (Jul 7) that it expects its after-tax profit for the first half of the year ended Jun 30, 2022 to surge to HK$170 million (S$30.3 million), up from HK$78....